Essential Fintech Reading: Oct 23 - 30

Bank Boardrooms Lack Technology ExperienceAccenture published a study this week showing that global bank executives are generally ill prepared to lead out when it comes to digital. They show that "only 6 percent of board members and 3 percent of CEOs at the world’s largest banks have professional technology experience. In addition, more than two-fifths (43 percent) of the banks have no board members – and nearly one-third (30 percent) have only one board member – with professional technology experience."

Banking Is Fintech, Like It or NotPascal Bouvier outlines 6 views on the current state of the banking industry and talks about how he disagrees with all of them because, he says, "To me finserv = fintech." He continues, "All participants in the finserv industry, be they incumbent service providers, startup service providers, disrupting startups competing against incumbents, incumbents, small, medium or large, old or new ... All of them will have to become fintech organizations."